How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Stephen G. Your Own Question
Stephen G.
Stephen G., Financial Advisor
Category: Capital Gains and Losses
Satisfied Customers: 7067
Experience:  Senior Tax Expert; CPA/PFS(retired)Personal Financial Planner; Small Business & Professional Mergers & Acquisitions
Type Your Capital Gains and Losses Question Here...
Stephen G. is online now
A new question is answered every 9 seconds

What is the basis held years?

Customer Question

what is the basis for stocks held for 43 years?
Submitted: 1 year ago.
Category: Capital Gains and Losses
Expert:  Stephen G. replied 1 year ago.

It depends upon how it was acquired, whether or not dividends, if any, were re-invested; whether it was split or there were stock dividends; whether there were acquisitions, etc.

Each security is unique and has to be evaluated on a case by case basis.

Depending upon the security, and the ownership trail, it can get very complicated.